Three insights:
1. Statement lag is the time it takes centers to generate a statement after receiving information on how much the patient owes.
2. Regent RCM advises ASCs to send out statements less than five days after receiving that information from payers.
3. The sooner patients receive their statements, the quicker they can pay their bills.
More articles on coding, billing and collections:
GI leader to know: Dr. Naga Chalasani of the Indiana University School of Medicine
Isareli diagnostics company developing blood-based CRC test — 4 insights
The deal days of summer — Edgemont’s Luke Mitchell on the past, present & future of GI PE investment
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.